Notable US-Bred & -Sired Runners in Japan: Jan. 9 & 10, 2022

In this continuing series, we take a look ahead at US-bred and/or conceived runners entered for the upcoming weekend at the tracks on the Japan Racing Association circuit, with a focus on pedigree and/or performance in the sales ring. Here are the horses of interest for this Sunday and Monday running at Chukyo and Nakayama Racecourses, with a pair of newly turned 3-year-old fillies taking a step up into Group 3 competition off maiden-breaking victories:

Sunday, January 9, 2022
3rd-CKO, ¥9,900,000 ($86k), Maiden, 3yo, 1900m
THE KING (JPN) (c, 3, Curlin–Alluring Star, by Exchange Rate) is the first foal from his dam, second to Caledonia Road (Quality Road) in the 2017 GI Breeders' Cup Juvenile Fillies and purchased by Katsumi Yoshida with this colt in utero for $925K at the 2018 Keeneland November Sale. A Jan. 28 foal, The King was offered at the 2019 JRHA Select Sale and repaid a fair bit of the investment, hammering for ¥82 million ($754,400), while the now 2-year-old half-sister by Heart's Cry (Jpn) made ¥40 million ($372,820) at the same event in 2020. The King was a useful fifth on his career debut at this venue back in September. B-Northern Racing

11th-CKO, Shinzan Kinen-G3, ¥76.8m ($664k), 3yo, 1600mT
MOZU GOLD BARREL (f, 3, Optimizer–Sweeter Still {Ire}, by Rock of Gibraltar {Ire}), a $1,500 in utero purchase at KEENOV in 2018, ran to the money in her debut to score by a measured half-length at long odds-on going 1400 meters over this course Dec. 19 (see below, SC 1). The $190K KEESEP acquisition is a half-sister to dual Group 1 winner Kameko (Kitten's Joy) and opts for this over Monday's sex-restricted G3 Fairy S. (see below). B-Timothy Lesley Thompson (KY)

 

 

Monday, January 10, 2022
4th-CKO, ¥11,400,000 ($99k), Newcomers, 3yo, 1800m
Neither US-bred or -sired, MODICA (AUS) (f, 2, American Pharoah–More Than Real, by More Than Ready) has plenty of appeal to an American audience. The early September foal, who spots her Northern Hemisphere rivals a fair bit of maturity, is the latest produce out of Bobby Flay's 2010 GII Breeders' Cup Juvenile Fillies Turf heroine, who was acquired by Australian bloodstock agent James Bester for $675,000 at the 2011 Fasig-Tipton November sale. All five of the mare's previous starters are winners, including SW Miss Debutante (Aus) (Fastnet Rock {Aus}). Modica, an A$260,000 ($201,089) purchase out of last year's Magic Millions Gold Coast Yearling Sale, is a maternal granddaughter of MSW Miss Seffens (Dehere), whose daughter Miss Always Ready (More Than Ready) produced GI BC Juvenile Turf hero Structor (Palace Malice) and GSP 'TDN Rising Star' Always Carina (Malibu Moon). B-Kia Ora Stud Pty Ltd (NSW)

11th-NKY, Fairy S.-G3, ¥70.6m ($611k), 3yo, f, 1600mT
SPEED GLAMOUR (f, 3, Into Mischief–Island Escape, by Petionville) failed to run a poor race in four appearances at two and earned a crack at this level with a narrow graduation going this trip at Chukyo Dec. 5 (see below, SC 14). A half-sister to MGSW Tricky Escape (Hat Trick {Jpn}), the February-foaled bay was bought back on a bid of $250K at Keeneland September in 2020 but blossomed into a $500K purchase at last year's OBS March Sale. B-Machmer Hall (KY)

 

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Win And You’re In: Defending Champion Jet Dark Headlines South Africa’s L’Ormarins Queen’s Plate

Messrs. C.T. Crowe & N. Jonsson's 4-year-old defending champion Jet Dark (SAF) is slated to face 10 rivals entered for Saturday's 1-mile R1.5 million L'Ormarins Queen's Plate (G1) at Kenilworth Racecourse in Cape Town. The race winner will earn an automatic berth into the US$2 million FanDuel Breeders' Cup Mile (G1) through the Breeders' Cup Challenge Series. One race prior to the Queen's Plate, Mrs. S. Viljoen's 4-year-old filly Captain's Ransom (SAF) leads the 1 1/8-mile R1 million Cartier Paddock Stakes (G1) for a free starting position into the US$2 million Maker's Mark Breeders' Cup Filly & Mare Turf (G1).

Both races will be televised live on TVG, with approximate post time for the Cartier Paddock Stakes scheduled at 8:35 a.m. ET.

Now in its 15th season, the Breeders' Cup Challenge Series is an international series of stakes races whose winners receive automatic starting positions and fees paid into a corresponding race in the Breeders' Cup World Championships, which is scheduled to be held this year at the Keeneland Race Course in Lexington, Kentucky on Nov. 4-5.

As a part of the benefits of the Challenge series, the Breeders' Cup will pay the pre-entry and entry fees for the winners of Saturday's races to start in the World Championships. Breeders' Cup will also provide a US$40,000 travel allowance for all starters based outside of North America to compete in the Championships. The Challenge winner must be nominated to the Breeders' Cup program by the pre-entry deadline of Oct. 24 to receive the rewards.

Jet Dark, trained by Justin Snaith, slipped up the rail in the final furlong to win last year's L'Ormarins Queen's Plate at 12-1, defeating Rainbow Bridge (SAF) by three-quarters of a length. Since then, the son of Trippi has made three starts, which includes a victory on July 31 in the 1 1/8-mile HKJC World Pool Champions Cup (G1) at Greyville, and a recent fourth-place finish in the WSB Prive Greenpoint Stakes (G2) at Kenilworth on Dec. 4. Richard Fourie has the mount, breaking from post 5.

Mr. and Mrs. M.L.P. Rattray's 7-year-old gelding Rainbow Bridge has won 11 of 25 starts, including five Group 1 victories. Trained by Richard Sands, Rainbow Bridge reeled off three straight wins following his defeat in last year's Queen's Plate. He captured the Cape Town Met Stakes (G1) at Kenilworth three weeks later, and then scored two wins at Greyville, first taking the Independent on Saturday Drill Hall Stakes (G2) by 2 lengths and the Group 1 Hollywood Bets Gold Challenge. However, the streak ended with an eighth-place finish in the prestigious 1 3/8-mile Vodacom Durban July (G1) on July 3 at Greyville.

The first two finishers from the Durban July – Kommetdieding (SAF) and Linebacker (SAF) – have both been entered in the Queen's Plate. Nicknamed the “Cape Comet,” 4-year-old Kommetdieding, owned by Ashwin Reynolds and trained by the father-daughter duo of Henry Crawford and Michele Rix, broke from the outside post 18 in the Durban July and steadily worked his way to the front, passing Linebacker in the last 50 yards to prevail by a half-length at 10-1. He completed his 3-year-old campaign with four wins in six starts. In his first start this season, Kommetdieding finished a troubled third behind Warrior (SAF) in the Cape Mile on Nov. 6 at Kenilworth. Kommetdieding will be ridden by Gavin Lerena from post three.

Two-time Group 1 winner Linebacker, trained by Vaughn Marshall and ridden from post three by Craig Zackey, has finished first or second in nine of his 10 starts, with his Group 1 scores coming back-to-back in the Jonsson Workware Cape Derby last February and in the 1 ¼-mile Daily News 2000 in May, prior to his runner-up finish in the Durban July. Linebacker prepped for the Queen's Plate with a third-place finish in the Green Point Stakes, won by stablemate Seeking the Stars (SAF).

Also trained by Marshall, the 4-year-old old Seeking the Stars has won his last two races, taking the Matchem Stakes (G3) at Durbanville on Oct. 2, before his half-length triumph in the Green Point. Bernard Fayd'Herbe will ride, breaking from post four.

Captain's Ransom Faces She's a Keeper in Cartier Paddock Stakes

Eleven fillies and mares are scheduled to go to the post in the Cartier Paddock Stakes, led by Captain's Ransom and Missing U Syndicate's 5-year-old She's a Keeper (SAF). A very consistent eight-time winner in 10 starts, Captain's Ransom, trained by Justin Snaith, comes into Saturday's race off two 7-furlong victories, first winning the Diana Stakes (G3) at Durbanville on Oct. 2, and then the Dec. 4 Amy Miller Memorial Pinnacle Stakes by three-quarters of a length over Princess Calla (SAF), with She's a Keeper finishing third. Captain's Ransom also gained her second career Group 1-win last January when she captured the 1-mile Majorca Stakes by 3 ¼ lengths at Kenilworth. Richard Fourie has the mount, breaking from post four.

She's a Keeper, a six-time winner for trainer Gareth Van Zyl, was the odds-on favorite in her first six starts, and registered five victories, culminating with a 1-length triumph in the World Sports Betting 1900 (G2) at Greyville. She was next entered in the Vodacom Durban July against males, but was wide throughout, finishing 10th of 18 starters. She's a Keeper rebounded in her next effort, though, winning the Kuda Gold Bracelet (G2) at Greyville on July 31. In her most recent start, She's a Keeper finished third, beaten 2 lengths in the Pinnacle Stakes. Starting from post eight, She's a Keeper will be ridden by Bernard Fayd'Herbe.

Mr. M.J.A Ferreira's 4-year-old Princess Calla has finished second in her last four starts for trainer Adam Marcus. A 4-year-old daughter of Flower Alley, Princess Calla completed last season with a heartbreaking defeat by a nose in the Group 1 Jonsson Workwear Garden Province Stakes at Greyville on July 3. A winner twice in 10 starts, Princess Calla will be ridden by Anton Marcus from post five.

Mauritzfontein, and Messrs. M.W. Bass, F. Green and Re Byn's 4-year-old Marina (SAF), trained by Candice Bass-Robinson, has won four of five starts, with all four wins coming at Kenilworth. A chestnut mare by Silvano (GER), Marina's only defeat in that stretch was a fourth-place finish in the Diana Stakes. She won two starts after that, taking the Computaform Online Pinnacle Stakes and the Victress Stakes (G3) on Dec. 18. Marina, eight of 13 lifetime, will be ridden by Aldo Domeyer from post three.

Following her “Win and You're In” victory in the 2021 Cartier Paddock Stakes, Queen Supreme (IRE) was sent to the U.S. later in the year to compete in the Maker's Mark Breeders' Cup Filly & Mare Turf at Del Mar.

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Up-And-Coming Young Trainer Jesse Cruz Benefits From ‘Old-School’ Methodology

Like a lot of kids who grew up on the racetrack, Jesus “Jesse” Cruz hoped to become a jockey. But long after he outgrew that king-sized dream, he continued to forge relationships with horses.

When a homebred named Help a Brother arrived in the barn of his stepfather, Lewis Craig, Jr., at Hollywood Casino at Charles Town Races in 2012, 18-year-old Jesse felt like he'd been handed the keys to a Mercedes.

Help a Brother was one of the best horses to come out of West Virginia, where he made all 49 of his career starts (39 at Charles Town and 10 at Mountaineer Casino, Racetrack & Resort). He won 15 times, including two editions of the West Virginia Thoroughbred Breeders' Association Onion Juice Breeders Classic Stakes, while earning almost $400,000.

“You develop a real connection with horses that you gallop,” says Cruz, 28, in his first season training at Tampa Bay Downs. “I got on Help a Brother every day my junior and senior year before school, and he was like my best friend.

“I got to be really close to that horse. You learn their quirks when you gallop them, who they are, and you get to watch them grow up. You get to sense what they're thinking. You can almost feel the light bulb go on when they realize 'Oh, we're not just horses. We're racehorses.'”

Cruz, who took out his trainer's license in 2017, has made a splash at the Oldsmar oval, with four victories, two seconds and two thirds from 14 starts. Training primarily for the Wasabi Ventures Stables of TK Kuegler and his wife Michele, Cruz has also been active at the claims box, with eight acquired, all for Wasabi Ventures Stables.

His fast start at Tampa Bay Downs comes on the heels of a strong meet at Monmouth Park, where he won seven races from 23 starts.

“I see a lot of promise in Jesse,” said TK Kuegler, a venture capitalist with strings of horses at Tampa Bay Downs, Oaklawn Park, Delta Downs and Penn National. “I wanted a young trainer who is hands-on, honest and hard-working, and that is Jesse in a nutshell.”

At Tampa Bay Downs, Cruz and his assistant and girlfriend, Grace Smith, oversee his 18-horse barn. A former assistant to trainer Douglas Nunn, Smith has an extensive background as an equestrian, having shown horses up and down the East Coast from age 10, competed as a collegian and given lessons to youth equestrians.

Smith exhibits the same passion shown by Cruz and the Kueglers for racing.

“My first day working for Doug Nunn, I showed up at the barn at 4 a.m. and by 5 a.m., I was hooked,” she said. “There is always something going on, always something to do. I was like, 'OK, I'm ready to do this forever.' ”

“Grace has been a lifesaver for me,” Cruz said. “She does so many things I used to do – running the feed cart, giving horses medication, helping the vets treat our horses. She rides the pony with every set in the morning. To be successful at this is a 24/7 kind of job, 365 days a year, and you have to put the horses first. For Grace to understand that and be a part of it – and be able to deal with me – is a big reason our relationship works.”

“Wanting to come to work every day, that's a big thing that draws us together,” Smith said. “We're excited to get to the barn, and being able to do this together is special. I think Jesse is old-school in his ways and his training, and we both care about the horses first and foremost.”

Cruz is quick to credit the numerous influences that have made him one of the Oldsmar oval's most promising young trainers. None had a greater impact than his mother, Daisy Tobin, who was an assistant to legendary West Virginia trainer James Casey for 26 years before she “retired” in 2016 (Tobin still helps her husband, Lewis Craig, Jr., at his barn).

Jesse and his older sister, Elizabeth, spent much of their childhood at Casey's barn after Tobin and their biological father, jockey Alejandro Cruz, split up (Jesse really doesn't remember Alejandro Cruz, considering Craig as his dad). As a single mom, Tobin worked long hours to support her children, getting along day by day.

At different stages of his youth, Tobin would have bet big money against Jesse following her to the racetrack.

“I remember when he was 7, before I had met Lewis. Jesse didn't want to get out of the car one morning and help feed the horses because it was raining,” Tobin said. “He said 'That's not my job, it's yours.' I told him, 'Well, I'm putting food on the table for you guys, and this has got to be taken care of.' I think he realized then what he had said and why it was important,” Tobin said.

As teenagers, Jesse and Elizabeth helped around Casey's barn to earn money to go to the beach, but Tobin still didn't see the spark her son needed to make a living with horses. That changed in 2008, when Casey began training a West Virginia-bred gelding named Russell Road for owner Mark E. Russell.

Russell Road competed through nine seasons, going 31-for-62 with 22 stakes victories and $2-million-plus in earnings. With each major accomplishment, Jesse's eyes opened wider – not just to the horse's excellence, but to his mother's role in his career.

“Really, up until then, I would rather be playing baseball or football or wrestling than be around the barn,” Cruz recalled. “Then Russell Road won six or seven in a row, and it made me realize what the end goal was – to be around horses like that. He made me fall in love with the sport, and I saw what drove people to find the next big horse.”

While Russell Road was a life-changer for Tobin, she was uplifted by Jesse's growing excitement and newfound dedication to working in the barn. Once, when he was 16 and having trouble walking Russell Road around the shedrow, Tobin heard Jesse call to her for help – a sign that he knew how important the job was.

“That horse was a handful for me even to walk sometimes,” she said.

But Jesse, he no longer was such a handful. When congratulatory calls flooded Tobin's phone after Russell Road's second victory in the $500,000 West Virginia Breeders' Classic, in the fall of 2011, one in particular stood out.

“It was Jesse telling me how much he loved me and how great a horse person I was. He said he wanted to follow in my footsteps and said how proud he was to be seen as my son,” said Tobin, who has saved the message. “I think I groomed more stakes winners than anyone at Charles Town through working with Mr. Casey over the years, and that message meant more to me because I could see Jesse wanted to work with horses and be successful.”

Those who know Tobin marvel at her work ethic, seeing it reflected in Cruz's approach to training.

“When we raced at Charles Town, she would come to our barn every morning to do stalls, put the horses' legs in ice and anything else that needed doing,” said Smith. “I think she is the hardest-working person I've met.”

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“Jesse wants to be better every single day, and I think that comes from his mom,” Michele Kuegler said. She was amazed to see Tobin, Elizabeth and Jesse's niece and nephews show up one summer day at Monmouth Park, a drive of about 5 hours, to cheer on Jesse's horses.

Despite growing up around the likes of Russell Road and Help a Brother, Cruz learned early that racing is rarely as glamorous as often portrayed, especially at tracks such as Charles Town where claiming horses make up the majority of the card and the winters can be brutal.

“Our mom taught us one lesson very early – nothing in life is going to be handed to you, but you can get whatever you want out of it as long as you go work for it,” he said. “She kind of sacrificed her life so we could have ours. She worked from sunup until sundown, because that's what it takes. You have to put in the care and the time and the passion you have, and if you do that you'll get the same back. If you don't, you are kind of going through the motions.”

Cruz's awakening led to a job galloping horses for Charles Town trainer Ollie Figgins, III, a family friend who recognized the teenager's desire to absorb more knowledge and make a life for himself on the track. After learning the basics from his parents, Cruz welcomed the chance to expand his continuing education with the widely-respected conditioner.

“He was the person who taught me how to put everything together,” Cruz said. “He had 30 horses, and I saw how he was able to mix things up for each horse and treat them as individuals. I was like the annoying kid who asked a billion questions, but he always took the time to give me the answers. That's when I realized I wanted to be a trainer.”

Cruz worked for Figgins when the trainer developed Susan Wantz's sprint filly Dance to Bristol, a stakes winner at 2 and 3 whose career took off in 2013 as a 4-year-old. Dance to Bristol strung together seven consecutive victories, including the Grade 3 Bed o' Roses Handicap at Belmont and the G2 Honorable Miss Handicap and Grade I Ballerina Stakes at Saratoga. As part of her traveling entourage, Cruz discovered a Technicolor world beyond the day-to-day sameness of Charles Town.

“To that point, I'd been around good horses. Russell Road was a really good horse I'd been around, and Ollie had trained good stakes horses,” Cruz said. “But 'Bristol' was the first graded horse I'd been around.

“When you get to those levels, you realize that is what racing is meant to be. At the end of the day, the $5,000 claiming horses make up our sport, but the graded races are the Mecca of all of it. To get a horse like that, it's what we all wake up and strive for.”

Dance to Bristol made it to Santa Anita for the Breeders' Cup Filly and Mare Sprint, and although she finished sixth, the experience was another dream-come-true for Cruz. It was his first airplane trip, and galloping the filly surrounded by so many outstanding horses whetted his appetite for more. That would come over the next few summers, when Cruz returned to Saratoga to work horses for trainers Bill Mott, Mike Maker and Joe Sharp.

“I met Neil Poznansky, who was working for Mr. Mott, and gave him my number,” Cruz said. “He called me that spring and said they needed an exercise rider. Ollie never held me back, so I got to work for those guys. To get to that stage and ride horses like that. … it's kind of hard to describe.”

Make no mistake: Jesse Cruz is a man in a hurry. He knows firsthand the patience needed to succeed in his craft, but is eager to prove he can compete against the best of them with the right stock.

After taking his trainer's test on Dec. 31, 2016, Cruz won with the first horse he saddled the following April at Laurel, a 3-year-old gelding named Maryland's Best owned by Javier Contreras and ridden by Cruz's good friend, Lane Luzzi.

Cruz won only two races from his next 41 starters to close out 2017, but his confidence wasn't shaken. He knew he needed better horses to climb the ladder. Kuegler – whose primary business involves investing expertise and capital into early-stage companies with an eye toward growing them into larger, more profitable ventures – saw Cruz as an ideal fit for what he and Michele want to accomplish in racing.

“His story is one you hear with a lot of racetrackers,” Kuegler said. “He grew up on the backside of Charles Town, and that is what his parents' lives are to this day. I don't think he ever thought he was going to do anything else. There isn't anything he can't do or won't do, and if someone can do everything in a business, you have somebody who has the potential to be great.”

The majority of horses Cruz claims for Wasabi Ventures Stables come on initial recommendations from Kuegler, who watches as many as 100 race replays daily from around the country. “Once I recommend one, it becomes collaborative,” Kuegler said. “Claiming is all about having a plan, because you're claiming them for the next race and beyond. What does this horse look like one or two or three races from now?

“That's where Jesse really comes in. He'll look at a horse and say 'This is something we can physically change,' or he'll look at changing the distance or the surface or how the horse is trained in an effort to improve its performance.”

Both men subscribe to the philosophy that speed figures don't lie, but there is often much more that goes into their decision to claim a horse.

“Every trainer has patterns, so when you see someone who typically doesn't run horses for a claiming price, that is kind of a question mark,” Cruz said. “You might want to watch it run once before you decide to claim it. You also like to watch them walk over (before the race) and make sure everything is right with their legs before you drop the claim slip.”

Cruz's stable has been performing consistently well since the meet began in late November. Magical Mousse, a (now)-3-year-old colt bred by Wasabi Ventures Stables in partnership, ran a decent fourth in the Inaugural Stakes on Dec. 4, five weeks after breaking his maiden in impressive fashion at Delaware Park, and is nominated for the $125,000 Pasco Stakes on Jan. 15.

The 3-year-old filly Lap of Luxury is 2-for-2 at the meet, including a starter/optional claiming victory on the turf under jockey Isaac Castillo on Dec. 23 at odds of 23-1. Why Not Tonight, a 4-year-old filly, won a $27,000 turf allowance by 7 ¾ lengths on Nov. 27. Hard-knocking 6-year-old mare C'Est Mardi won a claiming race on Nov. 26 and was beaten two necks for the top prize on Jan. 1 in the first leg of the Tampa Turf Test.

Wasabi Ventures Stables' ownership model invites individuals to purchase anywhere between .5-to-4.5 percent of a horse, with no additional charges or ongoing bills. Wasabi keeps a 20-percent share of each horse; the other members of the syndicate share in the winnings.

“If a horse doesn't earn back (its purchase price), we eat the losses,” TK explained.

Winning races is what keeps any stable afloat, but Cruz, Smith and the Kueglers are determined to keep the welfare of all their horses paramount. Michele Kuegler, who is Wasabi's director of aftercare and community, keeps the 1,000-plus Wasabi Ventures Stables club members apprised of their efforts to find new homes and vocations for their retired horses.

Down the road, Cruz hopes to build his stable into one capable of competing in the kind of races that first brought him so many thrills when his mother worked for James Casey. His alliance with Wasabi Ventures Stables has both headed in the right direction.

“TK wants to be known in the industry as a good owner and a person who is going to compete in big races,” Cruz said. “This (racing at Tampa Bay Downs) is the next step in trying to get to that level. This is a racetrack a lot of people notice, and it's tough racing, so to be winning against good trainers with nice stock means a lot.”

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Filing Could Trigger Foreclosure on Zayat’s $3.5M Home

On the same day that the federal judge overseeing Ahmed Zayat's two intertwined bankruptcy cases ordered the 13th consecutive extension of time for the trustee poring over Zayat's racing stable finances to file a complaint objecting to the dischargeability of any debt, the company that services the mortgage on Zayat's $3.5-million New Jersey home on Friday filed a separate motion asking the court to remove the automatic stay on that property.

Such a request, if granted at a Feb. 1 hearing, could pave the way for the financial institution to initiate foreclosure proceedings against Zayat.

Citing the $1.86 million outstanding on the loan plus liens totaling $2.91 million, lawyers for Fay Servicing, LLC, wrote in a Jan. 7 motion in United States Bankruptcy Court (District of New Jersey) that “it is self-evident that the debtor lacks any equity in the subject property [and] the debtor has failed to make any showing that the property is required for reorganization under the Bankruptcy code.”

The filing specifically asks for relief “including but not limited to allowing [Fay] to enforce its remedies to foreclose upon and obtain possession of the Property.”

In a riches-to-rags case brimming with fraud allegations that has languished in federal court for an unusually long 16 months, the owner and breeder of Triple Crown champ American Pharoah is seeking legal clearance to get out from under $19 million in debt.

Many of those creditors are Zayat's former Thoroughbred trainers, plus numerous breeding, boarding, horse transportation and veterinary entities.

When Zayat first filed for Chapter 7 bankruptcy protection on Sept. 8, 2020, he wrote in court documents that he owned only $300 in cash and $14.22 in two checking accounts.

Yet he and his wife continue to own and live in a 7,714-square-foot home in Teaneck, New Jersey.

Six days after Zayat filed his personal bankruptcy claim, Zayat's former financial advisor and several other entities initiated a separate “involuntary bankruptcy” petition against Zayat's family owned racing stable.

Involuntary bankruptcy proceedings, although relatively uncommon in U.S. courts, are designed to protect creditors, not debtors, and are often filed against companies (as opposed to individuals) as an attempt to get paid when it is believed that a firm is rapidly burning through assets and/or financial malfeasance is alleged.

Donald Biase, the trustee assigned by the court to find out if Zayat is being truthful about his alleged state of impoverishment in his personal bankruptcy petition, has repeatedly told the judge in the case that Zayat and his family members are refusing to cooperate in his legal attempt to trace millions of dollars in possibly fraudulent transfers.

In July, Biase wrote in a court filing aimed at uncovering hidden assets that “Documents obtained by the trustee from third parties strongly suggest that the Debtor still possesses significant assets in Egypt.”

Zayat has repeatedly denied that he has engaged in any illegal activity or that he is hiding money. He has also insisted that neither he nor his family members are trying to hinder the work of either of the trustees who are assigned to vet his personal finances and business operations.

Beyond not having his Chapter 7 bankruptcy protection granted by the court if he isn't being truthful, Zayat faces a possible federal investigation and/or charges if the U.S. Department of Justice believes crimes have been committed.

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